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20121129
20121207
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's mind right now. with about four weeks to go before that fiscal cliff of tax hikes and spending cuts gets triggered, negotiations still appeared at a standstill on tuesday. karin caifa tells us where everything stands. >> in the midst of a standoff with capitol hill republicans, president obama told bloomberg news that the latest plan put forth by house speaker john boehner, simply doesn't add up. the >> speaker's proposal right now is still out of balance. he talks about, for example, eight hundred billion dollars worth of revenues but he says he will do that by lowering rates. when you look at the math, it does does not work. >> not work. as negotiations as negotiations to avoid the so-called "fiscal cliff" continue, republicans were equally dismissive of the last proposal from the president. >> his proposal was so outlandish i don't think we should go back to the table until he puts something there that we can work with. >> the key sticking point between the two sides hasn't changed -- tax rates for the wealthy. >> the math is clear. the only way to accomplish these things
.m.. >> with just a month to go before the impacts of the looming fiscal cliff kick in, president obama is taking his solutions to the public sounding at times like he is back on the campaign trail. analysts say that the combination of the tax increases and spending cuts could de real the recovering economy. despite some initial sounds of cooperation after the election, the president and the house speaker john boehner do not appear close to a deal. kron4 catherine heenan explains. >> every family in america will see their income tax automatically go on january 1st. every family that means everyone here will see their taxes go up on january 1st. i am assuming that this does not sound too good to you. >> we know that when the treasury secretary issued the proposal to republicans they laughed. house speaker john banner stated that the ideal of boosting would be a crippling blow to the economy. >> let's not kid ourselves. the company cannot or sure they all for this. >> the key sticking point is taxes. democrats want to extend the bush cut for the middle class. republicans do not want to tax rate inc
Search Results 0 to 1 of about 2